Tbilisi Water sold in $85m deal
- From: Vol 8, Issue 11 (November 2007)
- Category: General
- Region: Europe
- Country:
- Related Companies: Multiplex Solutions
The privatisation of Tbilisi Water raises more questions than answers. The lack of an operator in the winning consortium is perhaps the most puzzling.
Multiplex Solutions has won the tender for the privatisation of Tbilisi Water, the company responsible for water and wastewater services in the Georgian capital of Tbilisi. The Swiss-domiciled bidder, which is believed to have Russian backing, won with a price of $85.662 million, and has committed to invest a further $350 million in the company in the future.
The ...
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